Tag: Brexit

Sterling drops on stalled Brexit negotiations

Sterling drops on stalled Brexit negotiations

The FTSE 100 remained steady around six-month lows at 6,993.48 as a deadlock in Brexit negotiations dragged on stocks but supported internationally focused constituents as the pound weakened. Brent crude was up 0.90pc at $81.15, boosted by Saudi Arabia tensions over the disappearance of a prominent journalist, although long-term demand […]

Brent crude drops on expectations of continued Iranian exports

Brent crude drops on expectations of continued Iranian exports

Gloomy results from a British Chamber of Commerce weighed on UK stocks, dragging the FTSE 100 down 0.61pc to 7,273.66, as Brexit related gloomed suggested the UK’s economic growth was at its lowest level since the global financial crisis. Brent crude was down 1.52pc to $82.88 following expectations that Iranian […]

Miners led the losses on the FTSE 100

Miners led the losses on the FTSE 100

The FTSE 100 dropped 0.573pc at 7,375.81 and was set for its biggest weekly loss in a month following a selloff in the global bond markets due to the US Treasury’s reduced appetite for riskier assets. Mining giants led the fall of the FTSE 100 with losses across the sector […]

Brent crude hold close to four-year highs

Brent crude hold close to four-year highs

The FTSE 100 plummeted 0.915pc to 7,441.56 having dropped during the morning session as a result of concerns over the US/China trade war, higher Treasury yields and a drop in oil prices. Brent crude was tempered by the prospect of increased production from Saudi Arabia and Russia, down 0.15pc at […]

Sterling strengthens over Irish border solution

Sterling strengthens over Irish border solution

FTSE 100 fell by 0.62pc to 7449.24, as Royal Mail’s losses continue to deepened- having tumbled 18pc yesterday after a profits warning, and fell a further 7pc this morning. Brent crude stayed high at $85.02 after 4pc climb from their last close, almost reaching the last peak of $85.45 in […]

Brexit could heighten UK energy bills

Brexit could heighten UK energy bills

Power firms in the UK have said that Brexit could force energy bills up as a result of barriers to trade that would threaten to increase the costs of importing gas and electricity to and from the continent. French energy giant EDF, Unilever and Britain’s energy industry body have grouped […]

Uncertainty drags on UK currency

Uncertainty drags on UK currency

The FTSE 100 dropped 20 points towards the end of the morning session at 7,484 on weak mining stocks and expectations of a dull start on Wall Street. Brent crude hiked 1.78pc higher at $79.54 after two Gulf of Mexico platforms were evacuated in preparation for Hurricane Gordon, with Barclays […]